2U (NASDAQ:TWOU) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday. The firm presently has a $71.00 target price on the software maker’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 2.42% from the stock’s previous close.
According to Zacks, “2U, Inc. is an education technology company. It is a provider of cloud-based software-as-a-service (SaaS) solutions that enables nonprofit colleges and universities to deliver their education to students anywhere. The Company offers graduate and undergraduate degree programs in social work, science, public administration, healthcare, laws, education, and business administration. It also offers a suite of technology-enabled services including content development, student acquisition, and state authorization services, as well as application advising, student and faculty support, and in-program student field placements. 2U, Inc. is based in Landover, Maryland. “
Other equities research analysts have also issued research reports about the company. Citigroup upped their target price on 2U from $57.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, November 20th. Needham & Company LLC upped their target price on 2U from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. BMO Capital Markets reiterated a “buy” rating and issued a $68.00 target price on shares of 2U in a research report on Wednesday, October 25th. Compass Point reiterated a “buy” rating and issued a $70.00 target price (up previously from $62.00) on shares of 2U in a research report on Monday, October 9th. Finally, Oppenheimer reiterated a “buy” rating and issued a $65.00 target price (up previously from $55.00) on shares of 2U in a research report on Friday, October 6th. Eleven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. 2U has a consensus rating of “Buy” and a consensus target price of $71.36.
Shares of 2U (NASDAQ:TWOU) opened at $69.32 on Friday. The company has a market capitalization of $3,570.00, a P/E ratio of -103.46 and a beta of -0.20. 2U has a 52-week low of $32.77 and a 52-week high of $69.47. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.48 and a quick ratio of 3.48.
2U (NASDAQ:TWOU) last issued its earnings results on Tuesday, November 7th. The software maker reported ($0.15) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.01. The firm had revenue of $70.25 million for the quarter, compared to analyst estimates of $69.36 million. 2U had a negative return on equity of 13.02% and a negative net margin of 12.49%. 2U’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.06) earnings per share. equities analysts expect that 2U will post -0.6 EPS for the current year.
In other 2U news, insider James Kenigsberg sold 9,545 shares of the business’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $62.86, for a total value of $599,998.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Harsha Mokkarala sold 22,658 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $63.25, for a total value of $1,433,118.50. Following the completion of the transaction, the chief marketing officer now directly owns 47,869 shares of the company’s stock, valued at $3,027,714.25. The disclosure for this sale can be found here. Insiders sold 181,923 shares of company stock valued at $11,588,620 over the last three months. 8.40% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of 2U by 182.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,622 shares of the software maker’s stock worth $123,000 after buying an additional 1,693 shares during the period. Ameritas Investment Partners Inc. raised its stake in shares of 2U by 21.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,844 shares of the software maker’s stock worth $180,000 after buying an additional 677 shares during the period. Advisor Group Inc. raised its stake in shares of 2U by 41.5% during the 2nd quarter. Advisor Group Inc. now owns 4,476 shares of the software maker’s stock worth $210,000 after buying an additional 1,313 shares during the period. Prudential Financial Inc. acquired a new position in shares of 2U during the 2nd quarter worth approximately $222,000. Finally, Edmond DE Rothschild Holding S.A. acquired a new position in shares of 2U during the 2nd quarter worth approximately $235,000.
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2U, Inc is a provider of an integrated solution consisting of cloud-based software-as-a-service (SaaS) combined with technology-enabled services (together, the Platform) that allows colleges and universities to deliver online degree programs. The Company’s SaaS technology consists of a learning environment (Online Campus), which acts as the hub for all student and faculty academic and social interaction, and a suite of integrated applications, which the Company uses to launch, operate and support the Company’s clients’ programs.
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